BlueFire Renewables (OTCMKTS:BFRE) Share Price Crosses Above Fifty Day Moving Average – Should You Sell?

BlueFire Renewables, Inc. (OTCMKTS:BFREGet Free Report)’s stock price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $28.82 and traded as high as $29.65. BlueFire Renewables shares last traded at $29.65, with a volume of 5 shares.

BlueFire Renewables Stock Performance

The stock has a market cap of $2.37 million, a PE ratio of -2,927.53 and a beta of 0.93. The stock’s 50-day moving average is $28.82 and its two-hundred day moving average is $27.30.

BlueFire Renewables Company Profile

(Get Free Report)

BlueFire Renewables, Inc focuses on developing, owning, and operating carbohydrate-based transportation fuel plants or bio-refineries to produce ethanol in North America. Its bio-refineries would convert organic materials, such as agricultural residues, high-content biomass crops, wood residues, and cellulose from municipal solid wastes into ethanol.

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